Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (66025)	3/18/2001 12:11:37 PM
From: russwinter	Read Replies (1) of 116759

The Yen bears argue that Japan gets some kind of restimulation and "reflation" benefit from a devaluation. I would counter that there will only be negatives from it. 1. A huge increased energy bill. They are totally dependent on outside oil, and it is PRICED IN US DOLLARS. If you think they have problems now? 2. Keeps foreign capital out which they could use to recapitalize failed institutions. Japanese exporters do not need help from a cheap currency and it will make no contribution whatsoever to restimulating the markets they sell to. Exporters are doing quite well already thank you and the Dollar/YEN exchange rate is not the problem.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next